Lidl’s Ambitious UK Expansion: Hundreds of New Stores, 400+ Jobs, and a Challenge to the Big Four

German supermarket chain Lidl is aggressively expanding its UK footprint, with plans to open hundreds of new stores nationwide and create hundreds of jobs. This ambitious expansion, driven by a £70 million sale and leaseback deal, will see Lidl challenge the dominance of the ‘Big Four’ supermarkets, including Tesco, Asda, Sainsbury’s, and Morrisons, in the British grocery market.

UNFI Shares Soar After Strong Q4 Earnings Beat Expectations

United Natural Foods Inc (UNFI) stock is surging in pre-market trading after the company reported impressive fourth-quarter earnings that surpassed analyst expectations. The wholesaler saw a 10% year-over-year increase in sales, driven by inflation and improving unit volume. UNFI also reported significant growth in gross profit, adjusted EBITDA, and adjusted EPS, showcasing a strong financial performance.

Supermarket Prices Rise Again: Shoppers Face Renewed Inflation

Supermarket prices have increased for the first time in over a year, according to Kantar, with inflation rising to 1.8% compared to last year. This marks a return to pre-cost-of-living crisis levels, despite the recent slowdown in price increases. While some products like kitchen towels and baked beans have seen price reductions, overall grocery costs continue to rise, with Sainsbury’s experiencing the largest market share gain since 1997.

Los Angeles County Passes ‘Fair Work Week’ Law for Retail and Grocery Workers

Starting next summer, workers at large retail and grocery stores in unincorporated areas of Los Angeles County will gain greater control over their schedules, thanks to a new ordinance passed by the L.A. County Board of Supervisors. This new law, which takes effect on July 2025, requires employers to provide workers with their schedules two weeks in advance, compensate them for last-minute changes, and space out shifts by at least 10 hours. The ordinance applies to retailers and grocers with 300 or more employees nationwide and is expected to impact approximately 200 businesses and 6,000 workers in unincorporated L.A. County. Supporters of the ordinance believe it will improve the lives of low-income workers, many of whom are people of color, by providing them with more stability and predictability in their schedules. Similar laws have been passed in major cities and states across the U.S., including Chicago, Seattle, Philadelphia, New York City, and Oregon, and research has shown positive impacts on workers’ well-being and ability to plan their lives.

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